Parker-Hannifin Posts Record Fiscal 2026 Results on Broad Industrial Recovery — Parker-Hannifin Corporation

Event summary

Parker-Hannifin reported record fiscal 2026 fourth-quarter sales of $5.8 billion, up 9.8% year-over-year.
Full-year sales reached $21.5 billion, an 8.3% increase, with organic growth at 6.6%.
Adjusted EPS grew 18% to a record $32.31, supported by a 120-basis-point margin expansion.
The company completed the acquisition of Curtis Instruments and announced deals for Filtration Group and CIRCOR's aerospace business.
Parker returned nearly $2 billion to shareholders through buybacks and dividends.

The big picture

Parker-Hannifin's record results reflect a broadening industrial recovery, with particular strength in aerospace and Asia-Pacific markets. The company's strategic acquisitions aim to further shift its portfolio toward higher-margin, more resilient end markets. With $4.4 billion in cash flow from operations and a commitment to 10%+ adjusted EPS growth through fiscal 2031, Parker is positioning itself for sustained outperformance amid volatile macroeconomic conditions.

What we're watching

Portfolio Transformation: How Parker's shift toward aerospace and longer-cycle end markets will impact resilience.
Integration Risk: The pace at which Filtration Group and CIRCOR acquisitions can be absorbed without disruption.
Margin Targets: Whether Parker can sustain its 30% adjusted segment operating margin goal by fiscal 2031.